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“This was pure pump and dump stock of 2017”
From where I am sitting it looks like we went from sub penny, to the .20’s and holding mid teens.... sooo where exactly was this dump you speak of?
They didn’t.
Do we know where in Cali the 10 acre Gro is?
Exactly my point! We can do more revenue than them with half the locations (just with SL)
I believe it would take more than 1M. Earlier (when the pps went back to .11), there was a long who passed away and his 7M shares were very poorly sold off over a few days. After that, we went right back up to the mid teens.... although it wasn’t the best situation I know at least half of those shares went to other Longs on this board.
Exactly!! Shake shack had a 1.1B cap at close today (someone here also pointed at this) they have a small OS (25M or so) but with our OS (475M) that puts us at around $2-$2.25 per share. Shake shack did $96M in Revenue last quarter but had a LOSS of $14.4M! They also have 136 locations....
Point is, if Snakes gets to 40-50 locations, plus all the distribution and a few self published titles.... Snakes alone can get to $1B market cap in a couple years IMO. Not to mention THEY ARE ALREADY PROFITABLE WHILE RAPIDLY GROWING!
This couldn’t be more obvious. All the pieces are in place. Good luck to all. Trust your DD and question others motives.
Haha solid DD...again. Any luck getting that board restored?
I added another 20k... couldn’t help myself. But when a company is rapidly expanding, showing strong revenue growth, profitable and trading at 3-4x, how can you not buy more. My money is probably safer here than in my bank.
I can assure you they are there.
Yeah I don’t think everyone anticipated the holiday orders booking mostly in Q1. But it seems like every year retailers are getting ready earlier and earlier.
All you need to know from to nights PR:
1) we beat Q2 2017 by 100+%
2) we have already surpassed FY 17 revenue by more than 50% and we still have two quarters to go we’re some major contracts will be recognized.
3) the OS is less than it was last Quarter
4) we are rapidly expanding the business and still profitable.
Not as big as I expected. But we are growing fast, profitable with minimal dilution.
Case closed. If you don’t want to wait it out then get out.
Not sure what platform you use but E*TRADE pro won’t let me keep sell orders open after hrs on this exchange. It always expires around 4:30pm and I have to re enter it the next day
Nice find!
I heard they hired Shawn White as a consultant for that
Well that was taken out of context. If you continue listening, Roger goes on to say he only sees it as an option if the need a small push to get to the NASDAQ. IMO that would be a good thing.
I may have that framed and hung in my office after all this haha
No need for an RS when you have 3 brick and mortar locations bringing in millions on there own. This does not include distribution or any other sub.
Also the franchise expansion costs the company nothing. Franchisees pay Amfil not the other way around.
Next lie please...
The OTC QB certification documents says different. Only need a .01 to uplist
https://otc-ct-otcm-backend-prod.s3.amazonaws.com/files/OTCQB%20Fact%20Sheet%20for%20U.S.%20Companies_2017-1515699722565.pdf
With an AS of 600M ( which is tiny compared to most of the pinkies out there) and the OS at 475M (give or take a few M on the OS), plus a PR that says the OS won’t break 500M in 2018, I would say dilution risk is minimal. But then again, this is a rapidly growing company and I don’t mind if they raise the OS to 500M to raise capital for expansion. IMO that’s healthy. There are several case study’s where some of the largest companies in the world did this during growth periods.
But you choose to see it how you wish.
GLTY
From 1/22/18....
“Ben's 20 Million common shares were retired effective today on OTC Markets in exchange for preferred shares as per previous announcement. Total Outstanding common share count was therefore reduced by 20 Million shares or approx. 4%.”
Looks like the OS is going down to me...
The event hasn’t even happened yet. Nor has anyone been given any legitimate reason to believe it won’t happen... until then comments about an extension are just pure speculation.
No RS. You can hear the CEO confirming this when he was on my two cents. Only time he would consider it, is if we needed a bump to get to the NASDAQ, which would be a good thing IMO.
http://ksco.com/shows/50960-my-two-cents
Yep looks like a scam alright....
https://www.blogto.com/cafes/snakes-lattes-midtown-toronto/
A factor of 10 lower would be 7M... per your post.
We did 6M last quarter and will break 7M this quarter...
What sort of math are you using?
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-Fiscal-Q1-2018-Revenues-up-20619-Year-Over-Year-to-5900346-Setting-A-New-Quarterly-Fina?id=173018
Is this really over valued? At close today they had a 70M market cap but they are generating 25-30M per year in revenue. Is 2-3x too high?
I thought it was too low. POT* nearly hit 200M market cap on $15M in annual revs. Oh and they announced a delayed audit today.
Maybe. But you have to remember Roger doesn’t run the day to day with SL. It’s not like he was personally over seeing the midtown project.
He has 4 subs to look after and a sub can have multiple divisions. For example, SL cafes, SL distribution, SL publishing and SL franchising...
Nicely put plow. I vote to make this a new sticky.
Wow. What I love most about this post is how you have taken bits and pieces of old PRs, rumors or even assumptions people have made on this board (whether they are true or not) and formed your own wild stories about the company during this quiet period. BRAVO solid DD on your part.
The easiest one to point out here is where you call out Bears vs Babies. If you go to the Amfil twitter page and look through the photos you will see a whole warehouse full of that game. No they didn’t call it out in a PR because some knuckle head was calling partners and messing up business.
What’s next? I heard the Easter bunny will be at shareholder night.
Not sure about world wide exclusivity but I believe we have seen distribution photos, prs, tweets etc with at least three from that screen shot
I doubt the SL franchisee in AZ would be proceeding, or any of the others we have heard about, of the ship was sinking. (Per the S&L AZ twitter page)
I didn’t know I needed to get drunk to play board games with my kids ??
Who wants a share holder party without booze. Waiting on the government to issue a liquor license.
That will never happen. There is an army of longs here that will keep loading up at these prices and after watching the flippers temper tantrum today it’s clear. The float has to be getting tight.
I think Seaton has this called right. We may just run on TA alone.
No you and I couldn’t be further from agreeing. Your game here is obvious. You are being dishonest and trying to take advantage of the silence and scare people into selling so you can scoop up cheap shares and flip them in the .18’s or .19’s... that’s fine if you are able to do it in an honest way but blatantly lying and claiming fake news is BS
Unbelievable...
Actually it opened green with a 20k purchase @ .155 then 4 min later someone tapped the bid with 1600 shares. GET YOUR FACTS STRAIGHT.
That’s funny. But in reality (already said this once today) companies that are already audited and reporting take 90 days (if they don’t file for an extension like most do) to file their yearly audited financial statements and that’s after the process has already been streamlined... we are approaching 6 months since the engagement letter was signed to audit 2-3 years of a company with multiple subs... of course it is taking longer than expected.
J, don’t have PM but yes.
So I guess the natural stuff shipments, the buildout for GZ that’s going, self published title they received a signing bonus for are all being done for free.